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re: The average monthly new car payment in 2022 is $644

Posted on 3/22/22 at 8:19 pm to
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
38378 posts
Posted on 3/22/22 at 8:19 pm to
Damn my car payment is like 924 lol



But that was 2 different vehicles rolled into one loan at 1% interest.
Posted by blueboxer1119
Baton Rouge
Member since May 2013
9079 posts
Posted on 3/22/22 at 8:37 pm to
quote:

Jamie Lynn


I saw her Saturday and she was looking rough. Very rough.
Posted by I Bleed Garnet
Cullman, AL
Member since Jul 2011
54846 posts
Posted on 3/22/22 at 8:52 pm to
Let’s go Brandon!!!
Posted by Jack Bauers HnK
Baton Rouge
Member since Jul 2008
5950 posts
Posted on 3/22/22 at 8:57 pm to
quote:

Wealthy people don’t finance much.

They finance the shite out of assets but not cars.


Trucks are currently an appreciating asset. Order truck at invoice, six months later, take delivery and order another one. In another six months, trade/sell the first truck for more than you paid, rinse, repeat.
Posted by Turf Taint
New Orleans
Member since Jun 2021
6010 posts
Posted on 3/22/22 at 8:58 pm to
Keeping up with the Joneses...

quote:

I don’t know a single person who overextended themselves financially because they were doing it for what others thought. Everyone I know that has nice shite has it because they like nice shite.


Nice to meet you, Mr. Jones.
Posted by shutterspeed
MS Gulf Coast
Member since May 2007
67986 posts
Posted on 3/22/22 at 8:58 pm to
quote:

Jamie Lynn retired because she was raped by Dan Schneider, impregnated, and refused to abort the baby.



Posted by NIH
Member since Aug 2008
117019 posts
Posted on 3/22/22 at 9:00 pm to
Bruh you shoulda paid that cash

- Ronnie, Carencro, 47, fat
Posted by Higgysmalls
Ft Lauderdale
Member since Jun 2016
7060 posts
Posted on 3/22/22 at 9:32 pm to


What kind of Moron would buy a used car that is $15k over the price of a new one.

How is CarMax still in business
Posted by lsuoilengr
Member since Aug 2008
5135 posts
Posted on 3/22/22 at 9:37 pm to
Good thing I drive a 2010 Malibu I got for free. Winning
Posted by chinese58
NELA. after 30 years in Dallas.
Member since Jun 2004
31785 posts
Posted on 3/22/22 at 9:37 pm to
That's nothing. A three spicy tenders combo with mashed potatoes and a medium tea cost me $11.81 today at Popeyes. Everything was so small, the box looked like half empty when I opened it.

The Cajun rice has gone the way of the caramel frappe at McDonald's. Gone forever.
Posted by Jack Bauers HnK
Baton Rouge
Member since Jul 2008
5950 posts
Posted on 3/22/22 at 9:43 pm to
quote:

The Cajun rice has gone the way of the caramel frappe at McDonald's. Gone forever.


Had a caramel frappe tonight, where’d they go?
Posted by Trauma14
Member since Aug 2010
6303 posts
Posted on 3/22/22 at 10:03 pm to
Mine is....ZERO!!!!

Greatest thing my father in law ever taught me is that the only good debt is house debt.
Posted by Palmetto98
Where the stars are big and bright
Member since Nov 2021
2145 posts
Posted on 3/22/22 at 11:08 pm to
My Range Rover payment is 1k lol
Posted by ChickennBiscuits
San Francisco
Member since Nov 2019
345 posts
Posted on 3/22/22 at 11:50 pm to
Only a fool goes to Popeyes without a coupon.
Posted by stelly1025
Lafayette
Member since May 2012
9483 posts
Posted on 3/23/22 at 12:31 am to
quote:

The average auto loan term is 69.7 months for new cars, 67.4 months for used cars.


That is fricking crazy.
Posted by Horsemeat
Truckin' somewhere in the US
Member since Dec 2014
14357 posts
Posted on 3/23/22 at 12:40 am to
Do people not save for significant down payments anymore? I know the new vehicle prices are through the roof since covid, but that's just insane.
Posted by PUB
New Orleans
Member since Sep 2017
19930 posts
Posted on 3/23/22 at 3:27 am to
Get rid of all student and car loans. What is another 3 trillion
Then pay off all the credit cards and give everybody that wants $10,000/ month checks. And if you work making less than $75,000/yr it is all tax free.
Posted by SlickRickerz
Member since Oct 2018
2290 posts
Posted on 3/23/22 at 5:30 am to
A $644 note on a 2020 tacoma =/= a $644 note on a 2016 used f150. My tacoma will last easily another 20 years once it’s paid off.
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
32814 posts
Posted on 3/23/22 at 6:00 am to
Buuuuuuut it's a GMC Sierra.
Posted by KillTheGophers
Member since Jan 2016
6579 posts
Posted on 3/23/22 at 6:00 am to
Purchases of high end autos and the long term financing of said autos is a major hindrance to long term asset accumulation.

The average Joe or the “keep up with the Jones” family has no business shelling out money for luxury / high priced cars. It is a direct assault on the ability to grow earning assets.

If people could better understand delayed gratification and the power of compounding interest, most families would be in far better shape long term.

Members of the rural community are culprit #1 with the F250 for dad, the loaded suburban for mom, the z71 crew cab for the son and the 5 series for the daughter. Most are copying a family that had tremendous wealth passed down to them or had sizable mineral royalties awarded.

We have played a dangerous game with low interest rates and a robust fed money printer. The music will stop and those strapped with significant debt will be left without a seat.

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